オールドセカンドバンコープの適時開示・決算・その他

United States

Securities And Exchange Commission
Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

(Exact name of registrant as specified in its charter)


Delaware	000-10537	36-3143493
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

37 South River Street
Aurora, Illinois 60507
(Address of principal executive offices) (Zip code)

(630) 892-0202
(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	OSBC	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 22, 2026, Old Second Bancorp, Inc. (the “Company’s”) issued a press release announcing its financial results for the second quarter ended June 30, 2026, along with certain other financial information. Copies of the Company’s press release and loan portfolio disclosures are attached as Exhibits 99.1 and 99.2, respectively.

Item 9.01 Financial Statements and Exhibits


Exhibit No.		Description
99.1		Press Release of Old Second Bancorp, Inc. dated July 22, 2026

99.2		Loan Portfolio Disclosures for Old Second Bancorp, Inc. dated June 30, 2026

104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	OLD SECOND BANCORP, INC.


Dated: July 22, 2026	By:	/s/ Bradley S. Adams
		Bradley S. Adams
		Executive Vice President,
		Chief Operating Officer and
		Chief Financial Officer

EX-99.1 2 osbc-20260722xex99d1.htm EX-99.1 Old Second Bancorp, Inc



(NASDAQ:OSBC)		Exhibit 99.1

Contact:	Bradley S. Adams	For Immediate Release
	Chief Financial Officer	July 22, 2026
	(630) 906-5484

Old Second Bancorp, Inc. Reports Second Quarter 2026 Net Income of $28.2 Million,

or $0.54 per Diluted Share

AURORA, IL, July 22, 2026 – Old Second Bancorp, Inc. (the “Company,” “Old Second,” “we,” “us,” and “our”) (NASDAQ: OSBC), the parent company of Old Second National Bank (the “Bank”), today announced financial results for the second quarter of 2026. Our net income was $28.2 million, or $0.54 per diluted share, for the second quarter of 2026, compared to net income of $25.6 million, or $0.48 per diluted share, for the first quarter of 2026. Adjusted net income¹ was $28.7 million, or adjusted diluted earnings per share¹ of $0.55, for the second quarter of 2026, compared to adjusted net income¹ of $26.0 million, or adjusted diluted earnings per share¹ of $0.49, for the first quarter of 2026.

Notable Items²

●

Net interest and dividend income was $83.3 million, reflecting an increase of $2.2 million, or 2.69%.

●

Net interest margin (NIM) on a fully tax-equivalent basis¹ was 5.23%, an increase of nine basis points.

●

Provision for credit losses of $7.5 million compared to $9.5 million, a decrease of $2.0 million.

●

Noninterest income was $13.3 million, an increase of $631,000, or 5.00%, compared to $12.6 million.

●

Noninterest expense was $51.3 million, an increase of $1.0 million, or 2.08%, compared to $50.2 million.

●

Efficiency ratio decreased 68 basis points to 51.72%; adjusted efficiency ratio was 50.80%¹.

●

Provision for income tax of $9.7 million, compared to $8.5 million, with an effective tax rate of 25.53% and 24.89%, respectively.

●

Return on average assets of 1.65%, compared to 1.51%.

●

Return on tangible common equity (ROATCE)¹ of 15.58%; adjusted ROATCE¹ of 15.85%.

●

On July 21, 2026, our Board of Directors declared a cash dividend of $0.07 per share of common stock, payable on August 10, 2026, to stockholders of record as of July 31, 2026.

Chairman, President and Chief Executive Officer Jim Eccher said, “Old Second reported strong results in the second quarter of 2026 led by exceptional revenue and margin performance and disciplined operating efficiency. Tangible book value per share exhibited double-digit percentage growth on an annualized basis despite the repurchase of 732,000 shares during the quarter. Nonperforming, classified and criticized assets all decreased meaningfully during the second quarter, and we believe we are adequately reserved for any future losses with an Allowance for Credit Losses on loans (“ACL”) to total loans of 1.34% and ACL to nonperforming loans of 124.60%. Charge-offs in the second quarter largely resulted from one downtown Chicago office credit and one cash-flow-dependent commercial relationship which had been downgraded in prior quarters. Overall results are exceptionally strong across the board, despite a relatively elevated level of net charge-offs, with second quarter return on average assets and return on average tangible common equity of 1.65% and 15.58%, respectively. The tax equivalent net interest margin expanded nine basis points quarter over linked quarter to 5.23% and the efficiency ratio was a very healthy 51.72%. This strong bottom-line performance and a well-positioned balance sheet drove an increase in the tangible common equity capital ratio to 11.19% from 11.07% for the prior linked period. We are proud of our performance both from a bottom-line perspective and in positioning ourselves to deliver even better results to our stockholders over the last half of the year.”

1	Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the non-GAAP reconciliation contained in this release.

2	All comparisons throughout this release are on a linked-quarter basis, unless otherwise noted.

Results of Operations:

Our net income was $28.2 million, or $0.54 per diluted share, for the second quarter of 2026, compared to net income of $25.6 million, or $0.48 per diluted share.

Loans increased $60.6 million driven primarily by increases in commercial, construction, multifamily, powersport, and other, including consumer.

●

Total loans were $5.25 billion.

●

Average loans (including loans held-for-sale) for the second quarter of 2026 totaled $5.22 billion, reflecting an increase of $15.3 million.

Credit Quality key performance metrics were impacted by two larger credits.

●

Nonperforming loans totaled $56.5 million compared to $75.5 million. The $19.0 million decrease reflects paydowns, upgrades to performing status, loan payoffs, the renewal of $8.7 million of loans past due 90 days accruing that were in the process of renewal, and charge-offs of $5.8 million.

●

Nonperforming loans to total loans was 1.08% compared to 1.46%.

●

Classified loans totaled $132.1 million compared to $148.6 million.

●

Criticized loans (special mention, substandard and doubtful) to total loans was 3.05% compared to 3.64%. The quarter-over-quarter decrease is driven by a decrease of $12.4 million in special mention loans, a decrease of $8.9 million of nonaccrual loans, and a decrease of $7.6 million in substandard accruing.

●

Provision for credit losses of $7.5 million was driven by powersport charge-offs, and larger than normal charge-offs in commercial and commercial real estate; the non-powersport charge-offs were primarily isolated to two loan relationships.

Deposits experienced seasonal declines in savings and money market accounts as well as declines in time deposits as higher rate brokered deposits and other exception-priced time deposits assumed from Bancorp Financial, Inc. rolled off.

●

Total deposits were $5.44 billion, a decrease of $120.3 million, or 2.16%.

●

Cost of deposits decreased five basis points to 1.00%.

●

Average interest-bearing deposits decreased $81.7 million while non-interest bearing deposits increased $7.0 million.

Net Interest Margin continued to be strong and increases in the cost of funds were outweighed by stronger yields during the quarter.

●

Net interest margin on a fully tax-equivalent basis improved nine basis points.

●

Loan yields increased 12 basis points on higher average loan balances during the quarter, and investment yields increased six basis points driven by maturities and paydowns of lower yielding securities.

●

Cost of funds increased two basis points driven by higher costs on the remaining subordinated debt, coupled with $213,000 of accelerated issuance costs related to our partial redemption of $30.0 million of the original $60.0 million of subordinated debt during the quarter. Cost of deposits decreased by five basis points, specifically due to an 18-basis point decline in the cost of time deposits.

Noninterest Income increased $631,000, or 5.00%, in the second quarter of 2026.

●

Wealth management related income increased in the period due to growth in advisory, insurance – annuities, agent, estate, and personal trust fees.

●

The cash surrender value of BOLI increased in the current quarter due to market rate changes.

●

Card related income increased in the current quarter due to growth in debit card related fees from higher transaction volumes.

●

Other income decreased in the period due to a decrease in powersport related dealer charge-back income.

Noninterest Expense increased $1.0 million or 2.08%.

●

Salaries and employee benefits increased $430,000, driven by growth in salaries, officer incentive accruals, deferred compensation expense, and insurance premiums, partially offset by decreases in payroll taxes and 401K company match as 2025 incentive payments were paid in the prior quarter.

●

Other expenses increased $712,000 primarily due to growth in director deferred compensation expense, a $172,000 increase in litigation expense primarily regarding two unrelated customer disputes with limited exposure that are both considered non-recurring in nature, and an accrual of $184,000 related to powersport loan gap insurance refunds due to customers related to loan prepayments.

●

Efficiency ratio for the quarter was 51.72% compared to 52.40% and the adjusted efficiency ratio¹ was 50.80% compared to 51.70%.

Capital continued to grow due to strong net income.

●

Stockholders’ equity increased $9.5 million due to net income of $28.2 million, partially offset by $3.6 million of dividends declared and a $15.5 million increase in treasury stock from share repurchases and stock award vestings.

●

Share repurchases of 732,183 shares at an average price paid per share of $21.08, for a total reduction to capital of $15.4 million, net of excise taxes.

●

ROATCE¹ was 15.58% compared to 14.20%.

●

Tangible common equity to tangible assets¹ was 11.19% compared to 11.07%.

1	Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the non-GAAP reconciliation contained in this release.

Cautionary Note Regarding Forward-Looking Statements

This earnings release and statements by our management may contain forward-looking statements within the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “should,” “anticipate,” “expect,” “estimate,” “intend,” “believe,” “may,” “likely,” “will,” “forecast,” “project,” “looking forward,” “optimistic,” “hopeful,” “potential,” “progress,” “prospect,” “remain,” “deliver,” “continue,” “trend,” “momentum,” “remainder,” “beyond,” “build,” and “near” or other statements that indicate future events or expectations. Examples of forward-looking statements include, but are not limited to, statements regarding the economic outlook, balance sheet growth, and building capital. Such forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements:

●

the strength of the United States economy in general and the strength of the local economies in which we conduct our operations may be different than expected;

●

the rate of delinquencies and amounts of charge-offs, the level of allowance for credit loss, the rates of loan growth, or adverse changes in asset quality in our loan portfolio, which may result in increased credit risk-related losses and expenses;

●

adverse developments in the commercial real estate market, including increased vacancy rates, declining property values, or borrower distress, particularly in the office sector, which could result in increased credit losses or require additional provisions;

●

changes in legislation, regulation, policies, or administrative practices, whether by judicial, governmental, or legislative action;

●

risks related to pending or future acquisitions, if any, including execution and integration risks;

●

adverse conditions in the stock market, the public debt market and other capital markets (including changes in interest rate conditions) could have a negative impact on us;

●

changes in interest rates, which have affected and may continue to affect our deposit and funding costs, net income, prepayment penalty income, mortgage banking income, and other future cash flows, or the market value of our assets, including our investment securities;

●

elevated inflation which causes adverse risk to the overall economy, and could indirectly pose challenges to our clients and to our business; and

●

the adverse effects of events beyond our control that may have a destabilizing effect on financial markets and the economy, such as trade disputes, epidemics and pandemics, war or terrorist activities, essential utility outages, deterioration in the global economy, instability in the credit markets, disruptions in our customers’ supply chains or disruptions in transportation, and disruptions caused by widespread cybersecurity incidents.

Additional risks and uncertainties are contained in the “Risk Factors” and forward-looking statements disclosure in our most recent Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q. The inclusion of this forward-looking information should not be construed as a representation by us or any person that future events, plans, or expectations contemplated by us will be achieved. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Conference Call

We will host a call on Thursday, July 23, 2026, at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) to discuss our second quarter 2026 financial results. Investors may listen to our earnings call via a live webcast by accessing the link provided below, or alternatively, on the Events section of the Old Second Investor Relations website (https://investors.oldsecond.com/events). Investors are encouraged to register at the webcast link at least 10 minutes prior to the scheduled start of the call.

Webcast URL: https://www.webcaster5.com/Webcast/Page/2239/54212

A replay of the webcast will be available under the Events section of the Old Second Investor Relations website (https://investors.oldsecond.com/events) for up to one year after the earnings call date.

Non-GAAP Presentations

We consider the use of select non-GAAP financial measures and ratios to be useful for financial and operational decision-making and useful in evaluating period-to-period comparisons. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain expenditures or assets or by adjusting certain items that we believe are not indicative of our primary business operating results or by presenting certain metrics on a fully tax-equivalent basis. We believe these measures provide investors with information regarding balance sheet profitability, and we believe that management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, analyzing, and comparing past, present and future periods.

These non-GAAP financial measures should not be considered as a substitute for GAAP financial measures, and we strongly encourage investors to review the GAAP financial measures included in this earnings release and not to place undue reliance upon any single financial measure. In addition, because non-GAAP financial measures are not standardized, it may not be possible to compare the non-GAAP financial measures presented in this earnings release with other companies’ non-GAAP financial measures having the same or similar names. The tables beginning on page 12 provide a reconciliation of each non-GAAP financial measure to the most comparable GAAP equivalent.

Management has disclosed in this earnings release certain non-GAAP financial measures to evaluate and measure our performance, including the presentation of adjusted net income, net interest income and net interest margin on a fully tax-equivalent basis, and our efficiency ratio calculations on a tax-equivalent basis. The net interest margin on a fully tax-equivalent basis is calculated by dividing net interest income on a tax equivalent basis by average earning assets for the period. Consistent with industry practice, management has disclosed the efficiency ratio including and excluding certain items, which is discussed in the efficiency ratio presentation on page 13.

Financial Highlights


	Quarters Ended
(Dollars in thousands - unaudited)	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Balance sheet summary
Total assets	$	6,870,305		$	6,849,221		$	6,902,675		$	6,991,754		$	5,701,294
Total securities available-for-sale		1,040,760			1,115,443			1,090,523			1,157,480			1,177,688
Total loans		5,245,870			5,185,237			5,252,131			5,264,505			3,998,667
Total deposits		5,444,688			5,564,999			5,596,069			5,760,250			4,798,439
Total liabilities		5,967,494			5,955,924			6,005,907			6,125,069			4,982,645
Total equity		902,811			893,297			896,768			866,685			718,649

Total tangible assets	$	6,719,760		$	6,697,509		$	6,749,787		$	6,836,565		$	5,588,090
Total tangible equity		752,266			741,585			743,880			711,496			605,445

Income statement summary
Net interest income	$	83,329		$	81,144		$	83,051		$	82,775		$	64,234
Provision for credit losses		7,500			9,500			3,000			19,653			2,500
Noninterest income		13,261			12,630			12,154			13,109			10,898
Noninterest expense		51,252			50,210			52,935			63,163			43,419
Net income		28,179			25,585			28,787			9,871			21,822
Effective tax rate		25.53	%		24.89	%		26.69	%		24.46	%		25.30	%

Profitability ratios
Return on average assets (ROAA)		1.65	%		1.51	%		1.64	%		0.56	%		1.53	%
Return on average equity (ROAE)		12.57			11.43			12.92			4.61			12.39
Net interest margin (tax-equivalent) ¹		5.23			5.14			5.09			5.05			4.85
Efficiency ratio		51.72			52.40			53.98			64.46			55.99
Return on average tangible common equity (ROATCE) ¹		15.58			14.20			16.15			6.16			15.29
Tangible common equity to tangible assets (TCE/TA) ¹		11.19			11.07			11.02			10.41			10.83

Per share data
Diluted earnings per share	$	0.54		$	0.48		$	0.54		$	0.18		$	0.48
Tangible book value per share		14.77			14.35			14.12			13.51			13.44

Company capital ratios²
Common equity tier 1 capital ratio		13.28	%		13.13	%		12.99	%		12.44	%		13.77	%
Tier 1 risk-based capital ratio		13.70			13.55			13.41			12.85			14.31
Total risk-based capital ratio		15.26			15.64			15.46			15.10			16.55
Tier 1 leverage ratio		12.05			11.88			11.70			11.21			11.83

Bank capital ratios ^{2, 3}
Common equity tier 1 capital ratio		13.72	%		13.80	%		13.17	%		13.14	%		14.02	%
Tier 1 risk-based capital ratio		13.72			13.80			13.17			13.14			14.02
Total risk-based capital ratio		14.77			14.88			14.22			14.39			14.99
Tier 1 leverage ratio		12.05			12.09			11.49			11.45			11.59

¹See the discussion entitled “Non-GAAP Presentations” above and the table on pages 12 and 14 that provide a reconciliation of this non-GAAP financial measure to the most comparable GAAP equivalent.

²Both the Company and the Bank ratios are inclusive of a capital conservation buffer of 2.50%, and both are subject to the minimum capital adequacy guidelines of 7.00%, 8.50%, 10.50%, and 4.00% for the Common equity tier 1, Tier 1 risk-based, Total risk-based and Tier 1 leverage ratios, respectively.

³The prompt corrective action provisions are applicable only at the Bank level, and are 6.50%, 8.00%, 10.00%, and 5.00% for the Common equity tier 1, Tier 1 risk-based, Total risk-based and Tier 1 leverage ratios, respectively.

Old Second Bancorp, Inc. and Subsidiaries

Consolidated Balance Sheets

(In thousands - unaudited)


		Quarters Ended
		June 30,		March 31,		December 31,		September 30,		June 30,
		2026		2026		2025		2025		2025
Assets
Cash and due from banks		$	47,964	$	48,100	$	51,665	$	53,099	$	63,484
Interest earning deposits with financial institutions			95,369		67,627		72,360		63,426		78,283
Cash and cash equivalents			143,333		115,727		124,025		116,525		141,767
Securities available-for-sale, at fair value			1,040,760		1,115,443		1,090,523		1,157,480		1,177,688
Federal Home Loan Bank Chicago (“FHLBC”) and Federal Reserve Bank Chicago (“FRBC”) stock			40,125		31,350		32,025		28,282		19,087
Loans held-for-sale			2,349		4,344		3,645		1,463		3,235
Loans			5,245,870		5,185,237		5,252,131		5,264,505		3,998,667
Less: allowance for credit losses on loans			70,380		72,126		72,301		75,037		42,990
Net loans			5,175,490		5,113,111		5,179,830		5,189,468		3,955,677
Premises and equipment, net			84,505		85,634		86,645		87,714		85,702
Other real estate owned, net			622		632		1,427		6,416		6,486
Mortgage servicing rights, at fair value			9,825		9,579		9,459		9,549		9,680
Goodwill			129,196		129,196		129,196		130,262		93,232
Core deposit intangible ("CDI")			21,349		22,516		23,692		24,927		19,972
Bank-owned life insurance (“BOLI”)			133,493		131,563		130,481		129,057		114,399
Deferred tax assets, net			28,689		31,321		31,276		33,374		20,395
Other assets			60,569		58,805		60,451		77,237		53,974
Total assets		$	6,870,305	$	6,849,221	$	6,902,675	$	6,991,754	$	5,701,294

Liabilities
Deposits:
Noninterest bearing demand		$	1,746,755	$	1,755,548	$	1,739,117	$	1,738,028	$	1,704,083
Interest bearing:
Savings, NOW, and money market			2,771,532		2,795,038		2,745,540		2,763,990		2,400,235
Time			926,401		1,014,413		1,111,412		1,258,232		694,121
Total deposits			5,444,688		5,564,999		5,596,069		5,760,250		4,798,439
Securities sold under repurchase agreements			23,241		23,130		23,769		24,290		47,252
Other short-term borrowings			375,000		200,000		215,000		165,000		-
Junior subordinated debentures			25,774		25,774		25,774		25,774		25,774
Subordinated debentures			29,798		59,574		59,552		59,531		59,510
Notes payable and other borrowings			14,850		14,837		14,825		14,812		-
Other liabilities			54,143		67,610		70,918		75,412		51,670
Total liabilities			5,967,494		5,955,924		6,005,907		6,125,069		4,982,645

Stockholders’ Equity
Common stock			53,015		53,015		53,015		53,015		45,094
Additional paid-in capital			339,616		338,418		341,451		340,108		206,207
Retained earnings			583,701		559,129		537,231		512,131		505,419
Accumulated other comprehensive loss, net			(31,861)		(31,095)		(28,738)		(32,294)		(37,426)
Treasury stock			(41,660)		(26,170)		(6,191)		(6,275)		(645)
Total stockholders’ equity			902,811		893,297		896,768		866,685		718,649
Total liabilities and stockholders’ equity		$	6,870,305	$	6,849,221	$	6,902,675	$	6,991,754	$	5,701,294

Old Second Bancorp, Inc. and Subsidiaries

Consolidated Statements of Income

(In thousands, except share data - unaudited)


		Three Months Ended
		June 30,			March 31,		December 31,		September 30,		June 30,
		2026			2026		2025		2025		2025
Interest and dividend income
Loans, including fees		$	89,845		$	87,138	$	90,925	$	91,301	$	61,954
Loans held-for-sale			62			43		35		31		39
Securities:
Taxable			9,088			8,949		9,136		9,872		9,959
Tax exempt			1,132			1,155		1,219		1,235		1,229
Dividends from FHLBC and FRBC stock			535			512		390		381		273
Interest bearing deposits with financial institutions			527			549		598		1,255		1,784
Total interest and dividend income			101,189			98,346		102,303		104,075		75,238
Interest expense
Savings, NOW, and money market deposits			7,512			7,147		7,906		9,043		5,606
Time deposits			6,199			7,217		8,665		10,896		4,508
Securities sold under repurchase agreements			40			50		45		60		56
Other short-term borrowings			2,989			1,791		1,644		308		-
Junior subordinated debentures			289			296		288		288		288
Subordinated debentures			675			546		546		547		546
Notes payable and other borrowings			156			155		158		158		-
Total interest expense			17,860			17,202		19,252		21,300		11,004
Net interest and dividend income			83,329			81,144		83,051		82,775		64,234
Provision for credit losses			7,500			9,500		3,000		19,653		2,500
Net interest and dividend income after provision for credit losses			75,829			71,644		80,051		63,122		61,734
Noninterest income ¹
Wealth management			3,628			3,383		3,537		3,515		3,103
Service charges on deposits			3,075			3,130		3,125		3,202		3,060
Secondary mortgage fees			166			121		123		92		84
Mortgage servicing rights mark to market loss			(152)			(152)		(428)		(389)		(531)
Mortgage servicing income			464			497		444		469		472
Net gain on sales of mortgage loans			640			555		657		620		550
Securities gains (losses), net			-			-		8		(1)		-
Change in cash surrender value of BOLI			1,469			1,082		834		1,175		690
Death benefit realized on BOLI			-			-		-		430		-
Card related income			2,483			2,350		2,548		2,581		2,533
Other income			1,488			1,664		1,306		1,415		937
Total noninterest income			13,261			12,630		12,154		13,109		10,898
Noninterest expense ¹
Salaries and employee benefits			30,103			29,673		30,996		39,723		26,950
Occupancy, furniture and equipment			5,118			5,371		5,092		4,937		4,477
Computer and data processing			3,217			3,375		4,798		4,002		2,692
FDIC insurance			759			759		720		854		642
Net teller & bill paying			724			716		701		691		670
General bank insurance			351			353		354		437		328
Amortization of core deposit intangible			1,167			1,176		1,235		1,251		1,022
Advertising and marketing expense			483			551		437		650		454
Card related expense			1,604			1,519		1,652		1,708		1,489
Professional fees			1,160			1,299		1,265		3,145		1,158
Consumer credit expense			1,720			1,522		1,451		1,368		15
Other real estate expense, net			52			(186)		81		128		35
Other expense			4,794			4,082		4,153		4,269		3,487
Total noninterest expense			51,252			50,210		52,935		63,163		43,419
Income before income taxes			37,838			34,064		39,270		13,068		29,213
Provision for income taxes			9,659			8,479		10,483		3,197		7,391
Net income		$	28,179		$	25,585	$	28,787	$	9,871	$	21,822

Basic earnings per share		$	0.55		$	0.49	$	0.55	$	0.19	$	0.49
Diluted earnings per share			0.54			0.48		0.54		0.18		0.48
Dividends declared per share			0.07			0.07		0.07		0.06		0.06

Ending common shares outstanding			50,938,962			51,665,660		52,669,224		52,664,535		45,056,183
Weighted-average basic shares outstanding			51,250,245			52,450,306		52,667,899		52,686,391		45,053,650
Weighted-average diluted shares outstanding			52,120,337			53,303,072		53,480,431		53,509,690		45,839,465

¹Certain items in prior periods have been reclassified to conform to the current presentation.


Analysis of Average Balances,
Tax Equivalent Income / Expense and Rates
(Dollars in thousands - unaudited)

	Quarters Ended
	June 30, 2026						March 31, 2026						June 30, 2025
	Average			Income /		Rate	Average			Income /		Rate	Average			Income /		Rate
	Balance			Expense		%	Balance			Expense		%	Balance			Expense		%
Assets
Interest earning deposits with financial institutions	$	64,839		$	527	3.26	$	67,571		$	549	3.30	$	166,366		$	1,784	4.30
Securities:
Taxable		955,176			9,088	3.82		969,194			8,949	3.74		1,040,472			9,959	3.84
Non-taxable (TE)¹		140,876			1,433	4.08		146,299			1,462	4.05		149,651			1,556	4.17
Total securities (TE)¹		1,096,052			10,521	3.85		1,115,493			10,411	3.79		1,190,123			11,515	3.88
FHLBC and FRBC Stock		36,676			535	5.85		31,540			512	6.58		19,200			273	5.70
Loans and loans held-for-sale^{1, 2}		5,223,093			89,921	6.91		5,207,744			87,194	6.79		3,960,650			62,002	6.28
Total interest earning assets		6,420,660			101,504	6.34		6,422,348			98,666	6.23		5,336,339			75,574	5.68
Cash and due from banks		46,700			-	-		48,252			-	-		47,875			-	-
Allowance for credit losses on loans		(72,418)			-	-		(71,869)			-	-		(41,544)			-	-
Other noninterest earning assets		457,995			-	-		460,433			-	-		394,034			-	-
Total assets	$	6,852,937					$	6,859,164					$	5,736,704

Liabilities and Stockholders' Equity
NOW accounts	$	717,468		$	897	0.50	$	697,692		$	823	0.48	$	653,334		$	681	0.42
Money market accounts		948,319			4,400	1.86		946,075			4,148	1.78		832,777			3,920	1.89
Savings accounts		1,109,381			2,215	0.80		1,118,979			2,176	0.79		938,836			1,005	0.43
Time deposits		968,464			6,199	2.57		1,062,623			7,217	2.75		695,946			4,508	2.60
Interest bearing deposits		3,743,632			13,711	1.47		3,825,369			14,364	1.52		3,120,893			10,114	1.30
Securities sold under repurchase agreements		21,337			40	0.75		24,795			50	0.82		35,419			56	0.63
Other short-term borrowings		312,803			2,989	3.83		189,056			1,791	3.84		-			-	-
Junior subordinated debentures		25,774			289	4.50		25,774			296	4.66		25,773			288	4.48
Subordinated debentures		34,373			675	7.88		59,564			546	3.72		59,500			546	3.68
Notes payable and other borrowings		14,844			156	4.22		14,831			155	4.24		-			-	-
Total interest bearing liabilities		4,152,763			17,860	1.73		4,139,389			17,202	1.69		3,241,585			11,004	1.36
Noninterest bearing deposits		1,745,475			-	-		1,738,504			-	-		1,729,287			-	-
Other liabilities		55,582			-	-		73,284			-	-		59,578			-	-
Stockholders' equity		899,117			-	-		907,987			-	-		706,254			-	-
Total liabilities and stockholders' equity	$	6,852,937					$	6,859,164					$	5,736,704
Net interest income (GAAP)				$	83,329					$	81,144					$	64,234
Net interest margin (GAAP)						5.21						5.12						4.83

Net interest income (TE)¹				$	83,644					$	81,464					$	64,570
Net interest margin (TE)¹						5.23						5.14						4.85
Interest bearing liabilities to earning assets		64.68	%					64.45	%					60.75	%

¹ Tax equivalent (TE) basis is calculated using a marginal tax rate of 21% in 2026 and 2025. See the discussion entitled “Non-GAAP Presentations” above and the tables beginning on page 12 that provide a reconciliation of each non-GAAP measure to the most comparable GAAP equivalent.

² Interest income from loans is shown on a TE basis, which is a non-GAAP financial measure as discussed in the table on page 12, and includes loan fee income of $2.0 million for the second quarter of 2026, loan fee income of $1.9 million for the first quarter of 2026, and loan fee income of $366,000 for the second quarter of 2025. Nonaccrual loans are included in the above stated average balances.

Loans and Credit Quality


Loans	Quarters Ended
(Dollars in thousands)	June 30,		March 31,		December 31,		September 30,				June 30,
	2026		2026		2025		2025				2025
Commercial	$	913,527	$	845,278	$	842,130	$	786,095		$	718,927
Leases		537,197		539,116		548,256		550,201			524,513
Commercial real estate – investor		1,159,168		1,169,318		1,212,384		1,257,328			1,118,782
Commercial real estate – owner occupied		667,645		702,986		706,567		680,412			652,449
Construction		153,553		143,563		173,630		176,387			251,692
Residential real estate – investor		65,133		69,763		70,225		69,362			50,976
Residential real estate – owner occupied		242,768		239,711		230,432		231,547			220,672
Multifamily		363,352		357,131		339,131		378,213			333,787
HELOC		239,307		235,637		235,293		234,885			111,265
Powersport		683,939		674,116		696,959		715,498			-
Other¹		220,281		208,618		197,124		184,577			15,604
Total loans	$	5,245,870	$	5,185,237	$	5,252,131	$	5,264,505		$	3,998,667

¹The “Other” classification includes consumer loans, such as collector cars, manufactured homes, and solar loans, as well as overdrafts.



Nonperforming assets	Quarters Ended
(Dollars in thousands)	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Nonaccrual loans	$	53,747		$	62,636		$	47,952		$	34,126		$	31,902
Loans past due 90 days or more and still accruing interest		2,736			12,868			4,879			13,859			345
Total nonperforming loans		56,483			75,504			52,831			47,985			32,247
Other real estate owned		622			632			1,427			6,416			6,486
Repossessed assets ¹		819			858			1,363			2,088			234
Total nonperforming assets	$	57,924		$	76,994		$	55,621		$	56,489		$	38,967

30-89 days past due loans and still accruing interest	$	22,499		$	50,036		$	52,169		$	22,415		$	14,652
Nonaccrual loans to total loans		1.02	%		1.21	%		0.91	%		0.65	%		0.80	%
Nonperforming loans to total loans		1.08	%		1.46	%		1.01	%		0.91	%		0.81	%
Nonperforming assets to total loans plus OREO and repossessed assets		1.10	%		1.48	%		1.06	%		1.07	%		0.97	%
Purchased credit-deteriorated loans to total loans		1.19	%		1.35	%		1.50	%		1.61	%		0.23	%

Allowance for credit losses	$	70,380		$	72,126		$	72,301		$	75,037		$	42,990
Allowance for credit losses to total loans		1.34	%		1.39	%		1.38	%		1.43	%		1.08	%
Allowance for credit losses to nonaccrual loans		130.95	%		115.15	%		150.78	%		219.88	%		134.76	%

¹Repossessed assets are reported in other assets.

The following table shows classified loans by segment, which include nonaccrual loans, purchased credit deteriorated (“PCD”) loans if the risk rating so indicates, and all other loans considered substandard, for the following periods.


Classified loans		Quarters Ended
(Dollars in thousands)		June 30,			March 31,			December 31,		September 30,			June 30,
		2026			2026			2025		2025			2025
Commercial		$	39,646		$	50,640		$	51,587	$	50,680		$	23,354
Leases			2,930			2,604			2,428		1,277			1,346
Commercial real estate – investor			11,262			14,959			14,245		2,853			14,752
Commercial real estate – owner occupied			58,582			60,594			64,081		72,020			51,335
Construction			12,976			12,983			11,421		1,612			1,624
Residential real estate – investor			662			1,012			1,142		1,228			1,201
Residential real estate – owner occupied			2,076			1,886			1,897		1,839			1,707
Multifamily			1,197			1,489			1,494		1,183			1,099
HELOC			2,250			1,832			1,466		1,538			1,180
Powersport			198			204			68		-			-
Other¹			318			369			270		30			22
Total classified loans		$	132,097		$	148,572		$	150,099	$	134,260		$	97,620

¹The “Other” classification includes consumer loans, such as collector cars, manufactured homes, and solar loans, as well as overdrafts.


Loan charge–offs, net of recoveries	Quarters Ended
(Dollars in thousands)	June 30,		March 31,		December 31,		September 30,			June 30,
	2026		2026		2025		2025			2025
Commercial	$	2,983	$	1,298	$	(44)	$	385	$	1,093
Leases		344		197		15		848		(3)
Commercial real estate – Investor		2,804		3,919		(14)		(15)		(14)
Commercial real estate – Owner occupied		(1)		(5)		1,125		(2)		(1)
Construction		-		-		-		(46)		(337)
Residential real estate – Investor		(1)		(2)		(1)		(2)		(2)
Residential real estate – Owner occupied		(21)		(7)		(11)		(7)		(8)
Multifamily		-		-		-		181		-
HELOC		(14)		(6)		(49)		(19)		(10)
Powersport		2,826		3,894		4,466		2,980		-
Other¹		328		488		494		805		67
Net charge–offs / (recoveries)	$	9,248	$	9,776	$	5,981	$	5,108	$	785

¹The “Other” classification includes consumer loans, such as collector cars, manufactured homes, and solar loans, as well as overdrafts.

Old Second Bancorp, Inc. and Subsidiaries

Quarterly Consolidated Average Balance

(In thousands - unaudited)


		Quarters Ended
		June 30,		March 31,		December 31,		September 30,		June 30,
		2026		2026		2025		2025		2025
Assets
Cash and due from banks		$	46,700	$	48,252	$	52,040	$	51,357	$	47,875
Interest earning deposits with financial institutions			64,839		67,571		66,430		119,619		166,366
Cash and cash equivalents			111,539		115,823		118,470		170,976		214,241
Securities available-for-sale, at fair value			1,096,052		1,115,493		1,129,633		1,165,900		1,190,123
Federal Home Loan Bank Chicago (“FHLBC”) and Federal Reserve Bank Chicago (“FRBC”) stock			36,676		31,540		30,085		25,961		19,200
Loans held-for-sale			3,280		2,023		3,254		1,975		2,375
Loans			5,219,813		5,205,721		5,275,389		5,215,374		3,958,275
Less: allowance for credit losses on loans			72,418		71,869		73,718		72,354		41,544
Net loans			5,147,395		5,133,852		5,201,671		5,143,020		3,916,731
Premises and equipment, net			85,395		86,260		87,449		88,304		87,081
Other real estate owned, net			626		853		4,410		6,464		2,099
Mortgage servicing rights, at fair value			9,693		9,383		9,490		9,632		9,856
Goodwill			129,196		129,196		130,135		127,873		93,232
Core deposit intangible ("CDI")			21,916		23,073		24,281		25,539		20,462
Bank-owned life insurance (“BOLI”)			132,046		130,930		130,151		128,870		113,326
Deferred tax assets, net			31,296		30,342		32,705		30,375		23,549
Other assets			47,827		50,396		58,443		74,364		44,429
Total assets		$	6,852,937	$	6,859,164	$	6,960,177	$	6,999,253	$	5,736,704

Liabilities
Deposits:
Noninterest bearing demand		$	1,745,475	$	1,738,504	$	1,781,374	$	1,782,193	$	1,729,287
Interest bearing:
Savings, NOW, and money market			2,775,168		2,762,746		2,764,609		2,798,414		2,424,947
Time			968,464		1,062,623		1,179,966		1,347,455		695,946
Total deposits			5,489,107		5,563,873		5,725,949		5,928,062		4,850,180
Securities sold under repurchase agreements			21,337		24,795		23,464		33,382		35,419
Other short-term borrowings			312,803		189,056		159,565		25,978		-
Junior subordinated debentures			25,774		25,774		25,774		25,774		25,773
Subordinated debentures			34,373		59,564		59,542		59,521		59,500
Notes payable and other borrowings			14,844		14,831		14,819		14,806		-
Other liabilities			55,582		73,284		67,078		61,732		59,578
Total liabilities			5,953,820		5,951,177		6,076,191		6,149,255		5,030,450

Stockholders’ Equity
Common stock			53,015		53,015		53,015		53,015		45,094
Additional paid-in capital			339,145		340,459		340,870		339,612		205,706
Retained earnings			573,158		551,491		526,910		500,075		497,224
Accumulated other comprehensive loss, net			(31,113)		(26,361)		(30,594)		(36,823)		(41,080)
Treasury stock			(35,088)		(10,617)		(6,215)		(5,881)		(690)
Total stockholders’ equity			899,117		907,987		883,986		849,998		706,254
Total liabilities and stockholders’ equity		$	6,852,937	$	6,859,164	$	6,960,177	$	6,999,253	$	5,736,704

Total Earning Assets		$	6,420,660	$	6,422,348	$	6,504,791	$	6,528,829	$	5,336,339
Total Interest Bearing Liabilities			4,152,763		4,139,389		4,227,739		4,305,330		3,241,585

Reconciliation of Non-GAAP Financial Measures

The tables below provide a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure for the periods indicated. Dollar amounts below in thousands:


Net Income and Earnings Per Share - GAAP and Adjusted	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025

Income before income taxes (GAAP)	$	37,838		$	34,064		$	39,270		$	13,068		$	29,213
Pre-tax income adjustments:
Provision for credit losses - Day Two		-			-			-			13,153			-
Securities (gains) losses, net		-			-			(8)			1			-
Death benefit related to BOLI		-			-			-			(430)			-
MSR losses		152			152			428			389			531
Acquisition related costs, net of (gains) losses on branch sales		526			349			2,296			11,508			810
Adjusted net income before taxes		38,516			34,565			41,986			37,689			30,554
Taxes on adjusted net income		9,832			8,604			11,208			9,326			7,730
Adjusted net income (non-GAAP)	$	28,684		$	25,961		$	30,778		$	28,363		$	22,824

Basic earnings per share (GAAP)	$	0.55		$	0.49		$	0.55		$	0.19		$	0.49
Diluted earnings per share (GAAP)		0.54			0.48			0.54			0.18			0.48
Adjusted basic earnings per share (non-GAAP)		0.56			0.49			0.59			0.54			0.50
Adjusted diluted earnings per share (non-GAAP)		0.55			0.49			0.58			0.53			0.50

Total average assets		6,852,937			6,859,164			6,960,177			6,999,253			5,736,704

Return on average assets (GAAP)		1.65	%		1.51	%		1.64	%		0.56	%		1.53	%
Adjusted return on average assets (non-GAAP)		1.68			1.53			1.75			1.61			1.60


	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Net Interest Margin
Interest income (GAAP)	$	101,189		$	98,346		$	102,303		$	104,075		$	75,238
Taxable-equivalent adjustment:
Loans		14			13			9			10			9
Securities		301			307			324			328			327
Interest income (TE)		101,504			98,666			102,636			104,413			75,574
Interest expense (GAAP)		17,860			17,202			19,252			21,300			11,004
Net interest income (TE)	$	83,644		$	81,464		$	83,384		$	83,113		$	64,570
Net interest income (GAAP)	$	83,329		$	81,144		$	83,051		$	82,775		$	64,234
Average interest earning assets	$	6,420,660		$	6,422,348		$	6,504,791		$	6,528,829		$	5,336,339
Net interest margin (GAAP)		5.21	%		5.12	%		5.07	%		5.03	%		4.83	%
Net interest margin (TE)		5.23	%		5.14	%		5.09	%		5.05	%		4.85	%


	GAAP
	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Efficiency Ratio (GAAP)

Noninterest expense	$	51,252		$	50,210		$	52,935		$	63,163		$	43,419
Less amortization of core deposit		1,167			1,176			1,235			1,251			1,022
Less other real estate expense, net		52			(186)			81			128			35
Less acquisition related costs, net of losses (gains) on branch sales		N/A			N/A			N/A			N/A			N/A
Noninterest expense less adjustments	$	50,033		$	49,220		$	51,619		$	61,784		$	42,362

Net interest income	$	83,329		$	81,144		$	83,051		$	82,775		$	64,234
Taxable-equivalent adjustment:
Loans		N/A			N/A			N/A			N/A			N/A
Securities		N/A			N/A			N/A			N/A			N/A
Net interest income including adjustments		83,329			81,144			83,051			82,775			64,234
Noninterest income		13,261			12,630			12,154			13,109			10,898
Less death benefit related to BOLI		-			-			-			430			-
Less securities gains (losses)		-			-			8			(1)			-
Less MSRs mark to market (losses) gains		(152)			(152)			(428)			(389)			(531)
Taxable-equivalent adjustment:
Change in cash surrender value of BOLI		N/A			N/A			N/A			N/A			N/A
Noninterest income including adjustments		13,413			12,782			12,574			13,069			11,429

Net interest income including adjustments plus noninterest income including adjustments	$	96,742		$	93,926		$	95,625		$	95,844		$	75,663
Efficiency ratio (GAAP)		51.72	%		52.40	%		53.98	%		64.46	%		55.99	%

N/A - Not applicable.


	Non-GAAP
	Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Adjusted Efficiency Ratio (non-GAAP)

Noninterest expense	$	51,252		$	50,210		$	52,935		$	63,163		$	43,419
Less amortization of core deposit		1,167			1,176			1,235			1,251			1,022
Less other real estate expense, net		52			(186)			81			128			35
Less acquisition related costs, net of losses (gains) on branch sales		526			349			2,296			11,508			810
Noninterest expense less adjustments	$	49,507		$	48,871		$	49,323		$	50,276		$	41,552

Net interest income	$	83,329		$	81,144		$	83,051		$	82,775		$	64,234
Taxable-equivalent adjustment:
Loans		14			13			9			10			9
Securities		301			307			324			328			327
Net interest income including adjustments		83,644			81,464			83,384			83,113			64,570
Noninterest income		13,261			12,630			12,154			13,109			10,898
Less death benefit related to BOLI		-			-			-			430			-
Less securities gains (losses)		-			-			8			(1)			-
Less MSRs mark to market (losses) gains		(152)			(152)			(428)			(389)			(531)
Taxable-equivalent adjustment:
Change in cash surrender value of BOLI		390			288			222			312			184
Noninterest income including adjustments		13,803			13,070			12,796			13,381			11,613

Net interest income including adjustments plus noninterest income including adjustments	$	97,447		$	94,534		$	96,180		$	96,494		$	76,183
Adjusted efficiency ratio (non-GAAP)		50.80	%		51.70	%		51.28	%		52.10	%		54.54	%


	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2026			2026			2025			2025			2025
Adjusted Return on Average Tangible Common Equity Ratio

Net income (GAAP)	$	28,179		$	25,585		$	28,787		$	9,871		$	21,822

Income before income taxes (GAAP)	$	37,838		$	34,064		$	39,270		$	13,068		$	29,213
Pre-tax income adjustments:
Provision for credit losses - Day Two		-			-			-			13,153			-
Securities (gains) losses, net		-			-			(8)			1			-
MSR losses		152			152			428			389			531
Merger-related costs, net of losses (gains) on branch sales		526			349			2,296			11,508			810
Death benefit realized on BOLI		-			-			-			(430)			-
Amortization of core deposit intangibles		1,167			1,176			1,235			1,251			1,022
Adjusted net income, excluding intangibles amortization, before taxes		39,683			35,741			43,221			38,940			31,576
Taxes on adjusted net income		10,130			8,896			11,538			9,632			7,989
Adjusted net income, excluding intangibles amortization (non-GAAP)	$	29,553		$	26,845		$	31,683		$	29,308		$	23,587


Total Average Common Equity	$	899,117			907,987		$	883,986		$	849,998		$	706,254
Less average goodwill and intangible assets		151,112			152,269			154,416			153,412			113,694
Average tangible common equity (non-GAAP)	$	748,005		$	755,718		$	729,570		$	696,586		$	592,560


Return on average common equity (GAAP)		12.57	%		11.43	%		12.92	%		4.61	%		12.39	%
Return on average tangible common equity (non-GAAP)		15.58	%		14.20	%		16.15	%		6.16	%		15.29	%
Adjusted return on average tangible common equity (non-GAAP)		15.85	%		14.41	%		17.23	%		16.69	%		15.97	%

EX-99.2 3 osbc-20260722xex99d2.htm EX-99.2

1 Loan Portfolio Disclosures AS OF JUNE 30, 2026 Exhibit 99.2

2 Portfolio Segment Outstanding Classified Allowance Commercial (incl. Leases) $1,451 $43 1.14% Commercial Real Estate Investor $1,159 $11 1.66% Commercial Real Estate Owner Occ. $668 $59 0.68% Construction $154 $13 0.73% Residential Real Estate $308 $3 0.67% Multifamily $363 $1 0.41% HELOC $239 $2 1.38% Powersport $684 - 2.47% Other $220 - 1.96% Total $5,246 $132 1.34% Construction 3% Commercial RE Investor 22% Commercial RE Owner Occ. 13% Commercial (inc. Leases) 28% Multifamily 7% Residential Real Estate 6% HELOC 4% Other (less than $100 million) 4% Powersport 13% Loan Portfolio Composition (in millions) Q2 2026 Loan Portfolio Disclosures Total Loans and Allowance for Credit Losses Trend (in millions) $3,981 $3,940 $3,999 $5,265 $5,252 $5,185 $5,246 $44 $42 $43 $75 $72 $72 $70 $- $10 $20 $30 $40 $50 $60 $70 $80 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Total Loans ACL

3 Criticized Loans (in millions) 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% $- $50 $100 $150 $200 $250 $300 $350 9/30/22 12/31/22 3/31/23 6/30/23 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 3/31/26 Office CRE Healthcare Other Criticized Loans/ Total Loans Q2 2026 Loan Portfolio Disclosures $1,802 $4,988 $632 $622 $1,076 $1,498 $6,416 $1,427 $484 $234 $2,088 $1,363 $858 $819 $- $2,000 $4,000 $6,000 $8,000 $10,000 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 OREO OREO Under Contract Repossessed Assets OREO and Repossessed Assets (in thousands)

4 Participation / Syndication Portfolio Mix (in millions) Participation / Syndication Portfolio Exposure (in millions) Parti / Syndi Portfolio Outstanding SNC Classified Manufacturing C&I $72 - $8 Office CRE $27 - - Construction $33 - - Multifamily $26 - - Hotel CRE $23 - - Healthcare $16 - - Other (under $15 million) $68 $9 - Total Purchased $265 $9 $8 Manufacturing C&I 27% Office CRE 10% Construction 12% Multifamily 10% Hotel CRE 9% Healthcare 6% Other (under $15 million) 26% $543 $463 $362 $285 $265 14.2% 11.1% 8.9% 4.5% 4.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% $- $100 $200 $300 $400 $500 $600 12/31/2022 12/31/2023 12/31/2024 12/31/2025 6/30/2026 Outstanding % of Total Commitments Q2 2026 Loan Portfolio Disclosures

5 Property Type Outstanding LTV Classified Allowance Retail $338 53% $2 0.93% Industrial $273 48% - 1.14% Office $174 68% - 2.14% Hotel $88 51% - 1.67% Senior Living $78 58% - 1.04% Parking Garage $76 49% - 0.86% Other (under $50 million) $132 70% $9 4.77% Total $1,159 56% $11 1.66% Commercial Real Estate Investor Portfolio Composition (in millions) Retail 29% Office 15% Industrial 23% Parking Garage 7% Hotel 8% Senior Living 7% Other (under $50 million) 11% Illinois 55% Wisconsin 7% Texas 7% North Carolina 4% Pennsylvania 3% Oklahoma 3% Other (under $30 million) 21% State Outstanding LTV Classified Illinois $633 60% $11 Wisconsin $85 58% - Texas $79 55% - North Carolina $49 49% - Oklahoma $34 62% - Pennsylvania $32 51% - Florida $29 40% - Other (under $25 million) $218 49% - Total $1,159 56% $11 Q2 2026 Loan Portfolio Disclosures

6 Location Outstanding LTV Classified Allowance Illinois $148 69% - 2.39% Chicago $32 69% - 2.46% Suburban $116 69% - 2.37% Oklahoma $15 64% - 0.84% Colorado $6 52% - 0.84% Oregon $4 73% - 0.84% Wisconsin $1 63% - 0.84% Total $174 68% - 2.14% Office Commercial Real Estate Investor Portfolio Composition (in millions) Illinois - Chicago 18% Illinois - Suburban 67% Oklahoma 9% Other (less than $5 million) 3% Colorado 3% Office Commercial Real Estate Investor Risk Profile (in millions) Q2 2026 Loan Portfolio Disclosures $50 $57 $30 $36 $- $20 $40 $60 < 1 year 1-3 years 3-5 years > 5 years Maturity Outstanding LTV DSCR < 1 year $46 69% 1.28x 1-3 years $54 56% 1.38x 3-5 years $22 62% 1.42x > 5 years $35 54% 1.53x Total $157 60% 1.39x Office Commercial Real Estate by Loan Maturity Office Commercial Real Estate > $1 million

7 Industry Outstanding Classified Allowance Health Care, Social Services $261 $27 0.86% Other Services $80 $6 0.59% Retail Trade $63 - 0.18% Manufacturing $57 - 0.20% Real Estate, Leasing $43 - 0.26% Accommodation, Food Service $30 $7 1.64% Wholesale Trade $28 $1 0.49% Arts, Entertainment $22 $2 0.75% Other (under $20 million) $84 $16 1.04% Total $668 $59 0.68% Manufacturing 9% Accommodation, Food Service 5% Retail Trade 9% Real Estate, Leasing 6% Healthcare 39% Other Services 12% Other (under $30 million) 20% Commercial Real Estate Owner-Occupied Portfolio Composition (in millions) Health Care, Social Outstanding Classified Allowance Assisted Living $139 $26 1.28% Skilled Nursing $53 - 0.19% Memory Care $49 - 0.33% Child Care $6 - 1.99% Other (under $5 million) $14 $1 0.68% Total $261 $27 0.86% Skilled Nursing 20% Assisted Living 53% Memory Care 19% Child Care 2% Other (under $5 million) 6% Q2 2026 Loan Portfolio Disclosures

8 Commercial & Industrial Outstanding Classified Manufacturing $437 $9 Construction $228 $6 Administrative, Waste Service $160 $4 Professional $133 - Transportation, Warehousing $102 $14 Finance, Insurance $91 - Real Estate, Leasing $74 - Health Care, Social Services $61 $1 Wholesale Trade $53 $3 Other (under $20 million) $112 $6 Total $1,451 $43 Commercial (including Leases) Portfolio Composition (in millions) Construction 16% Manufacturing 30% Transportation, Warehousing 7% Finance, Insurance 6% Professional 9% Administration, Waste Service 11% Health Care, Social Services 4% Real Estate, Leasing 5% Other (under $60 million) 12% Commercial Revolving Line Utilization (outstanding in millions) $677 $653 $587 $574 $658 $717 $718 $756 56% 55% 52% 53% 55% 57% 57% 60% 30% 35% 40% 45% 50% 55% 60% 65% 70% $400 $450 $500 $550 $600 $650 $700 $750 $800 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 Q2 2026 Loan Portfolio Disclosures

9 Origination Tier Outstanding Weighted FICO Portfolio APR % Tier 1 $362 777 7.96% Tier 2 $129 711 10.21% Tier 3 $77 684 12.73% Tier 4 $48 659 14.70% Tier 5 $68 605 17.01% Total $684 730 10.20% Powersport Portfolio Composition (in millions) Tier 1 54% Tier 2 19% Tier 3 11% Tier 4 6% Tier 5 10% Historical Contribution Margin Q2 2026 Loan Portfolio Disclosures Contribution Margin (1) 2022 (EBG) 2023 (EBG) 2024 (EBG) 12/31/2025 3/31/2026 6/30/2026 Portfolio APR 7.42% 8.13% 9.02% 9.82% 10.14% 10.20% Net Promo Accretion 0.69% 0.41% 0.74% 1.03% 1.30% 1.33% Participation -0.84% -0.87% -0.87% -0.91% -1.08% -1.12% Net Loss -0.62% -1.11% -1.39% -1.76% -2.06% -1.80% Net Contribution Margin 6.65% 6.56% 7.52% 8.19% 8.30% 8.62% (1) Historical contribution margin represents Evergreen Bank Group (EBG) performance through 6/30/2025. Contribution margin presented after 6/30/2025 excludes purchase accounting adjustments. Asset Type Outstanding % of Total Portfolio APR % New $523 77% 9.54% Used $161 23% 12.42% Total $684 10.20%

10 Net Charge-offs (Recoveries) (in thousands) Portfolio 9/30/2025 (Q) 12/31/2025 (Q) 3/31/2026 (Q) 6/30/2026 (Q) 6/30/2026 (TTM) NCO(R) % Commercial (incl. Leases) $1,233 ($29) $1,495 $3,327 $6,026 0.42% Commercial Real Estate Investor ($15) ($14) $3,928 $2,804 $6,703 0.58% Commercial Real Estate Owner Occupied ($2) $1,125 ($14) ($1) $1,108 0.17% Construction ($46) - - - ($46) (0.03%) Residential Real Estate ($9) ($11) ($9) ($22) ($51) (0.02%) Multifamily $181 - - - $181 0.05% HELOC ($19) ($49) ($6) ($14) ($88) (0.04%) Powersport $2,980 $4,466 $3,894 $2,826 $14,166 2.07% Other $805 $493 $488 $328 $2,114 0.96% Total $5,108 $5,981 $9,776 $9,248 $30,113 0.57% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Beginning ACL Balance $41,551 $42,990 $75,037 $72,301 $72,126 Day 1 Credit Mark (PCD) - $17,540 - - - Day 2 Credit Mark (Non-PCD) - $13,153 - - - Plus: Provision $2,224 $6,462 $3,245 $9,602 $7,502 Less: Net Charge-off (Recovery) $785 $5,108 $5,981 $9,776 $9,248 Ending ACL Balance $42,990 $75,037 $72,301 $72,126 $70,380 Allowance for Credit Losses Quarterly Rollforward(2) (in thousands) Q2 2026 Loan Portfolio Disclosures (2) The Allowance for Credit Losses presented excludes the Allowance for Unfunded Commitments, which totaled $2.0 million as of June 30, 2026 and is reported within other liabilities on the Statements of Condition.